Will I get a refund if I cancel my home insurance?

WiseDriving

27 November 2017 12:10

‘Cooling off period’

You may cancel this policy within 14 days of the date of purchase or the date you received the policy documentation, going on whichever is later. If you pay your premium by instalments, cancellation of this policy will also operate to cancel your credit agreement.

Where this happens, you will receive a proportionate refund of the premium paid for the unexpired portion of the period of cover, less any agreed charges detailed in our terms and conditions document. An exception to this is if a total loss claim has been reported and then the premium in full must be paid.

We will also cancel any additional products you may have purchased alongside this policy, such as breakdown cover and legal protection.

Cancellation after the ‘cooling off period’

Your policy is a contract for 12 months. If your insurance is cancelled for any reason you will be charged £75.00 in addition to the charge made by your insurer for the cover you have received.

A proportionate refund of any premium paid, less agreed charges detailed in our terms and conditions document will be allowed providing that:

You have not claimed in the current period of insurance.

You have paid the premium in full.

If you, we or the insurer cancel this policy and there has been a claim during the current period of insurance, no refund will be allowed. If the premium is being paid by instalments, the outstanding balance under your credit agreement including any interest charges will become payable by you.